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U.S. nuclear electricity generation continues to decline as more reactors retire

U.S. nuclear electricity generation continues to decline as more reactors retire, U.S.Energy Information Asministration  Principal contributor: Mark Morey, 8 Apr 22,
   In 2021, for the second consecutive year, U.S. nuclear electricity generation declined. Output from U.S. nuclear power plants totaled 778 million megawatthours in 2021, or 1.5% less than the previous year. Nuclear’s share of U.S. electricity generation across all sectors in 2021 was similar to its average share in the previous decade: 19%.

Six nuclear generating units with a total capacity of 4,736 megawatts (MW) have retired since the end of 2017. Three more reactors with a combined 3,009 MW of capacity are scheduled to retire in the coming years: Michigan’s Palisades is scheduled to retire later this year, and California’s Diablo Canyon is slated to retire one generating unit in 2024 and one in 2025. We compile announced retirement dates and new plants’ intended online dates in our Preliminary Monthly Electric Generator Inventory.

……………………………………. Financial pressures from competitive wholesale power markets remain the primary cause of nuclear power plant retirements. Four units at two sites in Illinois had announced their intention to retire but then reversed that decision after the Illinois state legislature provided financial incentives to support the nuclear units’ continued operation

The Bipartisan Infrastructure Law, which was enacted in November 2021, includes the allocation of $6 billion to prevent the premature retirement of existing nuclear power plants. The funding will be made available to nuclear power plants that might otherwise retire and that are certified by the Nuclear Regulatory Commission as safe to continue operations.,………..

April 9, 2022 - Posted by | business and costs, USA

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